Astrix Security announce $45 million in Series B funding, led by Menlo Ventures through their Anthology Fund—a strategic partnership between Menlo and Anthropic—with participation from Workday Ventures and existing investors, Bessemer Venture Partners, CRV, and F2 Venture Capital.
Read also – Autotech BuyAnyAutoPart Raises $750k in Pre-Seed Funding
This funding advances Astrix’s mission to secure enterprises’ biggest identity blind spot with a revolutionary infrastructure that ensures trusted access to critical systems and expansion to all identities, including humans.
Read also – IFC, WIM and DCLK Launch Training to Foster Respectful Workplaces Across Sri Lankan SMEs
Gartner predicts that by 2028, at least 15% of day-to-day work decisions will be made autonomously through agentic AI. As organizations increasingly rely on these “virtual employees” to help support human workflows, the very definition of the “workforce” will change, forcing enterprises to rethink their existing identity and access management approaches.
NHIs, such as API keys, service accounts, and secrets, have been repeatedly exploited in recent high-profile cyberattacks such as those reported by Microsoft and Okta. With the rapid adoption of AI agents – software programs that enhance productivity by automating tasks – securing NHIs is becoming even more imperative.
“From inception, we’ve been laser-focused on securing enterprises’ most vulnerable entry points and defining the NHI security domain. Now, with AI driving the proliferation of API keys, service accounts, and other NHIs in the enterprise, our mission has never been so critical and complex,” said Alon Jackson, Astrix Co-founder and CEO. “Our innovative technology will go beyond governance to ensure secure access of human and non-human identities to the enterprise’s most sensitive environments and data.”
“With the Anthology Fund, we’re building a portfolio of next-generation AI startups; Astrix stands out for their pioneering work in securing non-human identities and addressing the emerging challenges of agentic AI. We’re thrilled to partner with Jackson, Idan, and the Astrix team as they pave the way for redefining what security means in an AI-first world.’”
Since raising its Series A funding only last year, Astrix has grown 5X and tripled the size of its team to support its growing Fortune 500 customer base, which includes organizations such as Figma, Netapp, Priceline, and Workday, Inc. Recognized industry-wide, Astrix was recently named a SINET16 Innovator 2024, a Gartner Cool Vendor in Identity-First Security, and an RSA Innovation Sandbox finalist in 2023.
In the first NHI Security Conference hosted by Astrix and Cloud Security Alliance (CSA), data revealed critical gaps in NHI protection, with one in five organizations having experienced a non-human identities security incident—but only 15% remain confident in their ability to secure them. Using an agentless approach, Astrix allows security teams to quickly discover all their non-human identities in one place, and automatically detects and remediates over-privileged, unnecessary, and malicious access that exposes their organizations to attacks.
“Our investment in Astrix reflects a shared commitment to empowering organizations with innovative, scalable solutions that address emerging security needs. As the adoption of AI and interconnected systems accelerates, Astrix’s proactive approach to securing non-human identities aligns with our vision of enabling enterprises to navigate the future of work with confidence and trust,” said Erin Yang, VP and Chief Technologist at Workday Ventures.
About Astrix Security
Founded in Tel Aviv in 2021, Astrix Security helps enterprises close their biggest security blind spot – Non-Human Identities (NHIs). Astrix provides visibility into all non-human identities, and automatically detects and remediates over-privileged, unnecessary and malicious access to prevent supply chain attacks and data leaks. Led by two veterans of the Israel Defense Force 8200 military intelligence unit, CEO Alon Jackson and CTO Idan Gour, Astrix’s team is rapidly expanding. Astrix has raised $85M in funding, with a Series B led by Menlo Ventures and new investor Workday Ventures, as well as additional investments from CRV, Bessemer Venture Partners, F2 Venture Capital.
